Ascend to Grow Adiponitrile (ADN) Capacity by 220 Kilotons by 2022

HOUSTON--(BUSINESS WIRE)--Ascend Performance Materials, the world’s largest fully integrated
producer of nylon 6,6 resin, today announced plans for expanding its ADN
capacity through 2022. In total, Ascend will grow its ADN capacity by
220 kilotons (KT) by 2022 to meet increasing demand.

Ascend completed its first expansion of 50KT at the end of 2017. An
additional 40KT expansion will be completed by the end of 2018, with
plans for an additional 180KT to be realized by 2022.

“We are committed to supporting the growth of the nylon 6,6 chain,
globally,” said Phil McDivitt, Ascend’s president and CEO. “We have a
proven track record of consistently increasing capacity throughout the
chain as demand increased. With our latest fifth generation ADN
technology, we are able to add capacity without extensive down time.”

The company did not disclose the amount of capital investment related to
the expanded production capacity.

About Ascend Performance Materials

Ascend Performance Materials is a global premium provider of
high-quality plastics, fibers and chemicals and is the world’s largest
integrated producer of PA66 resin. Headquartered in Houston, Texas,
Ascend has eight global locations, including five fully-integrated
manufacturing facilities located in the southeastern United States, all
dedicated to the innovation and safe production of nylon 6,6. With three
of the world’s largest chemical processing facilities, Ascend’s
materials form the building blocks for products used in everyday
applications from apparel to airbags, cable ties to circuit boards and
carpets to car parts. Ascend’s 2,400-person global workforce is
committed to making a difference in the communities we serve and leading
the development of nylon 6,6 solutions that inspire everyone,
everywhere, every day.

SK Capital is a private investment firm with a disciplined focus on the
specialty materials, chemicals and healthcare sectors. The firm’s
purpose is to build strong and growing businesses that create
substantial long-term economic value. SK utilizes its industry,
operating and investment experience to identify opportunities to
transform businesses into higher performing organizations with improved
strategic positioning, growth and profitability as well as lower
operating risk. For more information, please visit www.skcapitalpartners.com